NEW YORK, Jan. 17 /PRNewswire/ -- Salant Holding Corporation, a wholly owned subsidiary of Salant
Corporation (OTC Bullent in Board: SLNT), has announced the acquisition of Tricots St. Raphael
(Tricots), the designer knitwear collection. Salant acquired Tricots through an Asset Purchase
Agreement dated January 10, 2001, which was effective January 2, 2001. Salant is primarily known as
the manufacturer and distributor of Perry Ellis Menswear, which includes sportswear, dress shirts,
slacks and accessories, to retailers such as Federated Department Stores, The May Company and
Dillard's. Tricots is one of the most prestigious labels in designer men's sweaters and knitwear;
the collection is sold at Nordstrom, Saks Fifth Avenue and other better specialty stores.The
alliance with Tricots affords Salant the opportunity of adding an upscale tier to its distribution.
"Salant intends to maintain the design, merchandising and marketingintegrity of the Tricots brand,
while enhancing its back office efficiencies through operational alignment," stated Michael J.
Setola, Salant's Chairman and Chief Executive Officer. "I am delighted with the dimension that our
new association will bring to the Salant organization." The acquisition of Tricots, together with
the recent licensing arrangement with Tallia Uomo, an upscale contemporary men's sportswear
collection, will strengthen Salant's position in better channels of distribution. Setola continued,
"Through our continued efforts in forging new businesses and the appropriate alliances, Salant is
strongly positioning itself for the future. We are focused on marketing through multiple channels
of distribution, and on increasing our share of the total menswear market."SOURCE Salant
Corporation Copyright 2001 PR Newswire